LBI Real Estate Weekly Sales Update 6/9/2019-6/16/2019: With 102 changes to the MLS on Long Beach Island this week things certainly were buys but unfortunately much of this activity was found in price reductions. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

27 new listings entered the market with an average price of $998,659

10 listings went under contact with an average listing price of about $948,100

LBI Real Estate Weekly Sales Update 6/9/2019-6/16/2019

Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status NEW means it is a new or re-listed home, DOWN means the price was reduced, “P” means the property is under contract (pending), “C” means the property sold and “W” or “X” means the property failed to sell (withdrawn or expired). Note this is for single family homes, condos, duplexes and commercial real estate listed by all local Long Beach Island real estate agencies.

Type

Chg Type

Street Number

Street Name

Municipality

Current Price

Sq Ft Total

DOM

SF

NEW

231

16th

Ship Bottom

$450,000

1,122

8

CONDO

NEW

7301

Long Beach

Long Beach Twp

$519,000

1,296

6

CONDO

NEW

310

West

Beach Haven Borough

$525,000

900

6

MUL

NEW

287

Division

Surf City

$635,000

1,456

6

SF

NEW

287

Division

Surf City

$635,000

1,456

6

CONDO

NEW

22

Carolina

Long Beach Twp

$669,000

1,250

7

CONDO

NEW

22

Carolina

Long Beach Twp

$669,000

1,250

7

SF

NEW

202

17th

Ship Bottom

$675,000

936

1

SF

NEW

5

West

Beach Haven Borough

$729,900

2,400

2

SF

NEW

1510

Barnegat

Ship Bottom

$749,000

1,952

2

SF

NEW

1126-C

Long Beach Blvd

Long Beach Twp

$749,000

1,456

7

SF

NEW

116

23rd

Long Beach Twp

$749,900

1,040

3

SF

NEW

2015

Waverly

Long Beach Twp

$799,000

1,720

5

LND

NEW

3

69th

Harvey Cedars

$899,000

0

5

SF

NEW

3

69th

Harvey Cedars

$899,000

1,200

5

SF

NEW

113

Delaware

Long Beach Twp

$975,000

1,452

1

SF

NEW

1118-C

Long Beach Blvd

Long Beach Twp

$979,000

2,105

4

CONDO

NEW

816

Bay Club

Beach Haven Borough

$979,000

1,627

5

SF

NEW

9805

Beach

Long Beach Twp

$1,199,000

1,912

1

COM

NEW

1419

Long Beach Blvd

Surf City

$1,249,000

0

5

SF

NEW

4406

Gloucester

Long Beach Twp

$1,275,000

1,248

5

SF

NEW

111

23rd

Ship Bottom

$1,299,000

2,426

4

SF

NEW

212

7th

Surf City

$1,299,000

2,600

6

SF

NEW

509

Ocean

Surf City

$1,449,000

1,440

5

SF

NEW

1126-D

Long Beach Blvd

Long Beach Twp

$1,495,000

4,408

7

SF

NEW

1053B

Long Beach

Long Beach Twp

$1,865,000

4,364

4

SF

NEW

3911

Ocean

Long Beach Twp

$2,549,000

2,687

2

COM

BOM

605

Long Beach

Ship Bottom

$875,000

3,900

288

CONDO

DOWN

21

Pennsylvania

Long Beach Twp

$152,900

468

117

CONDO

DOWN

207

23rd St Unit 12A

Ship Bottom

$369,000

750

40

SF

DOWN

1212

Central

Surf City

$395,000

0

72

CONDO

DOWN

1212

Central

Surf City

$395,000

576

72

CONDO

DOWN

4

Lillie

Long Beach Twp

$434,000

816

181

SF

DOWN

247

11th

Ship Bottom

$474,500

918

105

SF

DOWN

202

21st

Ship Bottom

$525,000

780

54

CONDO

DOWN

500

Bay

Beach Haven Borough

$569,000

1,200

69

SF

DOWN

8

81st

Harvey Cedars

$574,900

1,020

125

SF

DOWN

1107

Barnegat

Surf City

$575,000

1,122

124

SF

DOWN

2216

Long Beach

Surf City

$630,000

1,288

195

COM

DOWN

2216

Long Beach

Surf City

$630,000

1,288

195

SF

DOWN

343

North 1st Street

Surf City

$649,000

3,584

338

MUL

DOWN

3

6th

Barnegat Light

$649,000

1,936

124

SF

DOWN

7

Harmony

Long Beach Twp

$699,000

1,500

58

LND

DOWN

1094

Long Beach

Long Beach Twp

$718,500

1,344

55

SF

DOWN

1094

Long Beach

Long Beach Twp

$718,500

1,344

55

SF

DOWN

209

12th

Beach Haven Borough

$729,000

1,065

51

SF

DOWN

5

Harrington

Long Beach Twp

$749,900

2,500

126

SF

DOWN

13

Jeanette

Long Beach Twp

$749,999

1,464

39

LND

DOWN

416

Nelson

Beach Haven Borough

$799,000

0

131

SF

DOWN

1705

Long Beach

Long Beach Twp

$849,000

2,000

126

SF

DOWN

9201

Beach

Long Beach Twp

$849,000

1,472

271

SF

DOWN

115

Osborn

Long Beach Twp

$879,000

2,805

50

SF

DOWN

2905

Long Beach

Long Beach Twp

$879,900

2,000

80

SF

DOWN

1601

Long Beach

Long Beach Twp

$989,900

2,360

6

SF

DOWN

11502

Beach

Long Beach Twp

$1,089,000

1,864

60

SF

DOWN

16

Dune

Long Beach Twp

$1,124,000

1,918

122

SF

DOWN

384

5th

Surf City

$1,199,000

3,198

83

SF

DOWN

6

Gloucester

Harvey Cedars

$1,345,000

2,026

40

SF

DOWN

62

California

Long Beach Twp

$1,499,000

3,704

204

SF

DOWN

70

Butler

Long Beach Twp

$1,499,000

3,052

62

SF

DOWN

156

Marina

Long Beach Twp

$1,799,000

3,900

168

SF

DOWN

1309

Ocean

Surf City

$2,399,000

2,820

38

LND

DOWN

153 E

Long Beach

Long Beach Twp

$3,500,000

0

38

CONDO

K

4

Maryland

Long Beach Twp

$349,999

938

114

SF

K

339

West 14TH ST

Ship Bottom

$649,000

1,365

26

SF

K

3008

Beach

Long Beach Twp

$1,789,000

2,600

31

SF

P

20

10th

Barnegat Light

$577,000

1,788

47

CONDO

P

1001

Ocean

Ship Bottom

$589,000

1,087

77

SF

P

302

18th

Ship Bottom

$629,000

1,580

31

SF

P

4904

Long Beach

Long Beach Twp

$949,000

2,100

103

SF

P

12

Idaho

Long Beach Twp

$999,000

2,200

255

SF

P

6

Roosevelt

Long Beach Twp

$1,100,000

2,040

4

SF

P

103

19th

Long Beach Twp

$1,850,000

2,945

42

SF

W

5406

Long Beach

Harvey Cedars

$605,000

1,228

225

CONDO

W

5

West

Beach Haven Borough

$749,900

2,400

12

SF

W

294

2nd

Surf City

$759,000

1,960

64

SF

W

5

44th

Long Beach Twp

$929,000

2,076

230

SF

W

1601

Long Beach Blvd.

Long Beach Twp

$989,900

2,360

95

CONDO

W

1601

Long Beach

Long Beach Twp

$989,900

2,360

131

SF

W

4

Magnolia

Long Beach Twp

$1,349,000

3,111

91

SF

V

15

13th

Barnegat Light

$604,500

1,125

35

CONDO

C

Unit 6 700

Broadway

Barnegat Light

$275,000

915

124

SF

C

2503

Central

Barnegat Light

$577,500

1,408

226

SF

C

125

6th

Beach Haven Borough

$675,000

1,536

235

MUL

C

4

27th

Barnegat Light

$870,000

2,016

272

SF

C

113

4th

Beach Haven Borough

$965,000

1,584

197

SF

C

29

South 1st Street

Surf City

$999,999

2,000

78

SF

C

87

Bayview

Long Beach Twp

$1,150,000

1

47

SF

C

27

Judith

Long Beach Twp

$1,675,000

3,347

57

APT

L

16

Harrington

Long Beach Twp

$11,700

12

34

SF

L

16

Harrington Ave

Long Beach Twp

$11,700

1,200

8

MUL

X

15

Mea

Long Beach Twp

$535,000

1,500

137

SF

X

15

Mea

Long Beach Twp

$535,000

1,500

137

SF

X

202

17th

Ship Bottom

$700,000

936

149

SF

X

202

17th

Ship Bottom

$720,000

936

27

CONDO

X

16

2nd

Beach Haven Borough

$775,000

750

120

SF

X

16

2nd

Beach Haven Borough

$775,000

750

120

SF

X

222

Pearl

Beach Haven Borough

$1,269,000

2,500

163

SF

X

103

15th

Ship Bottom

$1,395,000

3,270

94

SF

X

2302

Bayview

Barnegat Light

$1,499,000

2,428

84

SF

X

61-D

Sunset

Long Beach Twp

$1,899,000

3,107

243

SF

X

26

Hideaway

Long Beach Twp

$2,395,000

4,100

506

LBI New Jersey Real Estate Sales Analysis

While overall activity was strong, there were 35 price reductions this week. New listings, pending sale and closed transactions were all lower this week compared to last. While this ended up not being a strong week for the LBI real estate market, overall the market is still performing very well. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 6/9/2019-6/16/2019 please do not hesitate to contact me.